Tokio Marine Asset Management Co. Ltd. Increases Position in United Rentals, Inc. (NYSE:URI)

Tokio Marine Asset Management Co. Ltd. grew its position in shares of United Rentals, Inc. (NYSE:URI) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,141 shares of the construction company’s stock after buying an additional 114 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in United Rentals were worth $1,508,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new stake in United Rentals in the fourth quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of United Rentals in the 3rd quarter worth $31,000. Carmichael Hill & Associates Inc. grew its stake in shares of United Rentals by 80.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 45 shares of the construction company’s stock worth $36,000 after buying an additional 20 shares in the last quarter. Hanson & Doremus Investment Management purchased a new stake in shares of United Rentals in the fourth quarter worth approximately $33,000. Finally, HM Payson & Co. purchased a new position in shares of United Rentals during the third quarter worth approximately $41,000. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Robert W. Baird upgraded United Rentals from an “underperform” rating to a “neutral” rating and set a $658.00 target price for the company in a report on Tuesday, January 14th. Baird R W raised shares of United Rentals from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Argus lifted their target price on shares of United Rentals from $840.00 to $880.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley lowered their price target on shares of United Rentals from $775.00 to $765.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, Barclays boosted their price target on shares of United Rentals from $400.00 to $565.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $814.08.

United Rentals Trading Down 2.5 %

NYSE:URI opened at $739.27 on Tuesday. The stock has a market capitalization of $48.28 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 1.52 and a beta of 1.69. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.92 and a current ratio of 0.98. United Rentals, Inc. has a 1 year low of $596.48 and a 1 year high of $896.98. The stock has a fifty day moving average price of $762.23 and a two-hundred day moving average price of $769.67.

United Rentals (NYSE:URI) last announced its earnings results on Wednesday, January 29th. The construction company reported $11.59 earnings per share for the quarter, missing the consensus estimate of $11.65 by ($0.06). United Rentals had a net margin of 16.78% and a return on equity of 34.21%. As a group, sell-side analysts anticipate that United Rentals, Inc. will post 46.09 earnings per share for the current fiscal year.

United Rentals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $1.79 per share. The ex-dividend date is Wednesday, February 12th. This represents a $7.16 dividend on an annualized basis and a dividend yield of 0.97%. This is a boost from United Rentals’s previous quarterly dividend of $1.63. United Rentals’s payout ratio is presently 18.48%.

About United Rentals

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.